The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. The FDIC protects depositors against the loss of their insured deposits if an FDIC-insured bank fails. FDIC insurance is backed by the full faith and credit of the United States government.

Yes.

FDIC insurance covers all types of deposits received at Flagler Bank, including deposits in checking and savings accounts, money market deposit accounts and time deposits such as certificates of deposit (CDs).

You can read about FDIC insurance coverage online at www.fdic.org † and calculate your insurance coverage yourself using the FDIC’s online Electronic Deposit Insurance Estimator at https://edie.fdic.gov †.

Deposits in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. The most common ownership categories are:

• Single Accounts
• Joint Accounts
• Revocable Trust Accounts, including formal “living” or “family” trusts and informal “payable-on-death” (POD) or “in trust for” (ITF) ownerships
• Certain Retirement Accounts including Traditional IRAs, Roth IRAs and SEPs
• Corporation, partnership and unincorporated association accounts
• Government Accounts

If you have more than $250,000 in all your deposit accounts at Flagler Bank, you can increase your FDIC coverage by adjusting the ownership of your accounts.

Contents of safe deposit boxes are not FDIC insured. The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments were bought from an insured bank. The FDIC does not insure U.S. Treasury bills, bonds, or notes, but these are backed by the full faith and credit of the United States government.